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WHUT
Jan 28, 2013 8:30am EST
tremendous economic financial pressure on the entire global economy, including europe. >> in the same way in which the collapse of lehman implied global shocks, a dissolve in the situation of the eurozone is going to impact the united states. >> while everyone is telling the germans, "bail these guys out now," the germans are saying, "if we're gonna bail them out, we wanna fix the political crisis." >> at the end of the day, europe and the eurozone face an existential question: can we become the united states of europe? >> in a democracy, agreement is not essential, but participation is. >> never before in our history have we been so interconnected with the rest of the world. >> foreign policy is actually not foreign. >> america has faced great hardship before and each time we have risen to the challenge. >> the ultimate test is to move our society from where it is to where it has never been. >> join us as we explore today's most critical global issues. join us for great decisions. >> great decisions is produced by the foreign policy association, inspiring americans to learn more abou
NBC
Jan 28, 2013 12:30am PST
money with some very accurate predictions about the economy, about where the markets would go post financial crisis. what's next for america and the global economy? ken rogoff joining me once again with some answers. ken, good to see you. >> good to see you. >> thanks so much for joining us. how would you describe the mood in davos and how would you see the economy today five years post the crisis? >> it's a strange mood in davos, where people are not euphoric. in fact, you talk to heads of multinational corporations, businesspeople around the world, they say, you know, things aren't even as good as i thought they would be this quarter, but they're calmer. there's a feeling that the world is not going to fall apart. you hear more about geopolitical risk, cyber security, d less about europe's going to blow up tomorrow. >> so, you're not seeing over enthusiasm but it's certainly better than a year ago? >> yes, it's definitely, definitely calmer. their theme here is resilient. yes, and dynamism, not so much. guess what i thought about the global economy. i actually think that growth w
CNBC
Jan 27, 2013 7:30pm EST
better, it might be worse. >> see, i'm hearing a lot of positives about the u.s. economy, if washington can get its act together, but europe is still a big issue. what do you think about europe right now? have we made progress? and what's to come? >> well, i think there's some big, long term things they need to do in europe over the next 5-7 years. they've done some structural forms. they've raised their pension ages. they've done labor market reforms. nothing has happened in the united states. absolutely nothing. and i think their reasons for optimism from the shale, which, by the way, that's an area where people are excited to talk about that. and, you know, there's some optimism coming from the easy money, i suppose, still. but i think in the united states, you know, if we get to the consensus, which seems to be 3% at the end of the year, i think that would be good. >> let me ask you about the economy. relative to what ee's going on washington. we voted that the house extended to see a debt ceili ining for a months. how does this play out? >> forever. i mean, that's the sh
FOX Business
Jan 28, 2013 4:00pm EST
positive developments fit into the economy. larry i cut you off in mid-sentence so i will go to you first. good news on yahoo! specifically. how does yahoo!'s earnings beat on the earnings sort of set a stage for what is happening in the technology sector at large? is this just part of what you expect? because we also have apple pulling the nasdaq down? >> well, absolutely. you know, if you look at technology, it is always been one of the top three sectors that have always pulled us out of recessions or slowdowns. these companies, apple, google, yahoo!, continue to change the way we receive information and shop online both business appersonally. we feel technology will be here for a long time to come down the road. we like the tech sector very much. cheryl: sam as well has been so patient standing by. since marisa meyer took over the company the stock is up 30%. some are looking for headlines in the report about plans she has specific plans, for this company. sam, we're not seeing that. what type of role is leadership in all of this do you think? >> i think leadership is very important be
CSPAN
Jan 28, 2013 5:00pm EST
been enforced discipline on the basis of an economy that has been stagnant for about four years. in the meantime the federal government keeps plunging into debt. so if someone brings forward an alternative to at least give us the opportunity to provide effective oversight and to make sure that this money does go to emergency needs and doesn't just fulfill a wish list for what some cities would like to do in the future to prevent against future storms -- not that we shouldn't be debating that, but that doesn't qualify as an emergency need getting money to the people that need it now. these are future decisions. we haven't had time to assess those. we haven't had time to examine those in detail. we haven't used the process that is in place here in the united states senate to go through committees and let the committees work through, is this essential to meeting the emergency needs? or can we set this aside and spend a little more time examining it, looking at it to make sure that this is how we want to go forward? we have a habit here of throwing money at things under an emergency cat
MSNBC
Jan 27, 2013 11:00pm PST
? and how will the economy respond to what is or is not accomplished here in washington? my exclusive guest this morning will have something to say about all of this. house budget chairman and the republican party's 2012 vice presidential nominee paul ryan here for his first live interview since the election. chairman, welcome back to meat meet. >> great to be back with you. >> let's talk about this top priority of the budget battle. it will really mark the beginning of the president's second term. the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and reforms that put us on a path to balancing the budget in a decade. we think the senate ought to offer a budget. they h
WETA
Jan 28, 2013 6:30pm EST
republicans want the sequester actually to go forward which would put the breaks on the economy at least to an extent and drive more people back into bonds. >> reporter: others say any return to bonds may be short- lived, as the u.s. economy is showing new signs of strength. >> i think we expect more improvements, moderate improvements. but, you know overall that's usually a cause or thought that rates could go higher. and, in that regard it's probably not a market that will have the same sort of returns that we've seen over the past two years. >> reporter: so, it seems most agree the bond market is unlikely to be a cash cow for investors going forward. at the same time, however, worries about a bond market bubble seem unfounded. suzanne pratt, "nightly business report." >> susie: immigration reform takes center stage this week. a group of senate democrats and republicans agreed today on what they called a framework for comprehensive immigration reform. tomorrow, president obama heads to las vegas to give a policy speech on immigration. with washington focused on immigration, citiz
KICU
Jan 28, 2013 4:00am PST
taxpayers more vulnerable than ever. the economy is not in free-fall, nor are the markets frozen, as many describe the financial crisis timothy geithner faced when he became treasury secretary as president obama was sworn into office the first time. finance professor dale rosenthal says government- directed taxpayer bailouts helped stabilize the economy. "instead of a big drop, we saw a softer landing but a longer recovery." under secretary geithner, the treasury department participated in bank bailouts despite risky gambles that led to the subprime mortgage collapse. critics say that under giethner, there was no assurance that banks would use their money to lend to business and homeowners. "there was no reportability, no accountability, it was just, 'give me the money and i'll save us.'" "the one part of the stimulus that worked was the money to state and local governments that went to teachers, firefighters, city workers. if that hadn't happened, unemployment would've been significantly worse." there were more bailouts. geithner oversaw $182 billion to insurance and financial services g
CNBC
Jan 28, 2013 2:00pm EST
productivity to the economy, spending their paychecks. amazing we are back to this level. >> and it is interesting to think about in september 2007, that is when hiring started to slow in that month. that was basically when we were hitting the highs on october 9 is when the september data came out. that month we only added 110,000 jobs that started to taper from there. that's why people are so concerned that was a top. on squawk box this morning, seeing 2800 for the s&p and 18 to 20,000 for the dow within four years. everyone thinks this is the beginning of a long-term upswing because of those fundamentals. >> some of the leaders back then are some laggers. there is a completely different story between what they were leading back then and now. >> at the time in '07, home depot was in the process after multibillion dollar deal to spin offity supply unit. that hit a snag with the credit crisis. that stock got hammered, the tale of two trajectories. now home depot is one of the winners. caterpillar up 34% in ten months leading up to that rally. it is actually down 10%. >> well talk more a
CNBC
Jan 28, 2013 3:00pm EST
not as much. and of course the anxiety of potentially healthy global economy is always going to give traders an excuse to try to sell what is close to some historically low levels of yield, high levels of price. >> yeah. and when you look at equities you see this huge move in the markets. are we taking a bit of a breather? jordan, how do you see it? >> i think it's been constrained. uncertain election and fiscal cliff. and all of a sudden people are starting to pay attention to the fact there are -- inflation's low. i think the market starts to run, forest run. >> not a lot of alternatives out there. right? >> even the high paying growth stocks are paying more to bonds. and the allocation hasn't happened yet. but beware. i think that could happen. >> john, what gets people to make the great exodus out of treasuries and into equities? if you're looking to the catalyst of what can take it to the next level, that would certainly be one of them. >> yeah. i think we have to see a lot higher level of inflation which we haven't seen thus far. you have corporate yields, dividend yields over
NBC
Jan 28, 2013 2:05am EST
can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argume argument. they were prepared to cut additional spending to be part of a bigger agreement that republicans weren't able to agree to. there is more room for spending cuts. it's a matter of how you do it. >> the president was insisting on more stimulus spending during the fiscal cliff negotiations. he didn't get that. they haven't put out a plan. the reason we wanted the debt limit extended was to showcase our budget. we will put a budget up that says here is our plan for economic growth and balancing the budget, entitlement reform which
SFGTV2
Jan 27, 2013 7:00pm PST
altered local economies because so many manufacturing and technology jobs are moving, whether it is a matter of costs for going where the trained work force is. we're fortunate to have to governors here to talk about how that change affects their jobs and what they're doing to jump- start their economies which compete with one another. this could be fun. let me start with our guest. governor hickenlooper. i knew that was going to happen. most of us here are pretty much aware of california's budget crisis. can you give us a quick briefing on where colorado is and what you are trying to do to turn things around? >> our budget is just as dressed as almost every state in the country. we have been working trying to control costs, get our pension funds in line, our state employees have not had a raise in four years. it has been difficult all the way around. the real challenge has been to try and turn public sentiment and get people to recognize it without a strong economy. it will not solve any of these problems. we have been relentless in what we did, the bottom up process and we asked the
NBC
Jan 28, 2013 3:00am PST
down the economy and you won't get the budget down. >> when you were campaigning in virginia, a state you wanted to carry but didn't, you said, look, these sequestration cuts, these automatic spending cuts that are put in place because republicans and democrats can't agree, so you have to have this sword that comes down, you said we're not going to let those happen. those will not happen, those automatic spending cuts. well, now we have a new deadline coming up in a couple of months that says there's going to be more automatic spending cuts, the same ones that were in place before. >> that's right. >> are you going to let those happen? >> if mitt romney and i won the election, they would not have happened because we would have gone and worked with democrats and republicans in congress to put the budget on a path to balance and saved defense. i think the sequester is going to happen because that $1.2 trillion in spending cuts, we can't lose those spending cuts. and don't for get one other thing. i wrote legislation and passed it in the house twice to replace those sequesters with cuts
FOX Business
Jan 28, 2013 11:00am EST
close a third of their stores. it is a tough economy. people are moving to digital. this may bode well for amazon.com. barnes & noble down nearly 2% today. barnes & noble say they will close one third of their stores over the next decade. let's take a look at the broader market. the dow down about ten points. much like the nasdaq composite and the s&p 500. they are all hovering near the unchanged line. the retail, drugged and bank index all have done okay with down arrows. connell: a team of a bipartisan senators have come together with their own plan on immigration reform. dagen: peter barnes is on capitol hill with the very latest. peter: this group of eight editors can't bipartisan group, for democrats, for republicans, trying to get out before the president speech tomorrow in nevada. now, the senator's proposal includes increase and verifiable border security and tracking of legal immigrants making sure that they believe when they are supposed to, mandatory employment verification, green cards for top floor and college students who are getting advanced degrees, as well as, an immig
CNBC
Jan 28, 2013 4:00pm EST
higher? >> let me give you a hint. sometimes it goes up before the economy is improving. we don't need monetary policy to drive stocks. >> that's why it's going up? >> the market? >> the yield. >> well, i think because the economy overall is improving and we're going to see some flows back in equities. that's why i think yields are actually starting to slowly go up. because it's starting to rejoin with gdp. >> benedict? >> i couldn't agree more. great numbers out of china. i think china is far more important than the european situation. and as yields go up, the exposure in your bond portfolio, the interest rates will have a drop on your yield. you got to be in equities. >> ben willis, b. belski. thank you. now, maria. >>> and it is 4:00 on wall street. do you know where your money is? welcome back to "the closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow six-day winning streak in jeopardy tonight with a decline on the session. yahoo numbers are out. dow jones industrial down 12 points at 13,883. nasdaq finished positive just by a fraction. up
CNBC
Jan 28, 2013 4:00am EST
story about what's happening with the domestic economy. >> yeah. rates probably close to 50% in europe. europe obviously is a collection of smaller companies. if you're historically in those countries you've had to reach out much sooner than american companies have. they're global leaders in their industry around the world. they just happen to be based here in europe and one of our key messages of the last four years has been buy european countries and make sure they have as little exposure as possible. that's generally the message. there's more competition in the market now even from peripheral countries benefiting in the risk rally. >> i wonder about philips, too, reporting tomorrow. are they seen similar to alcoa as the barometer? >> i think, you know, any big company which comes out and meaningfully beats or disappoints the market, european equities are up .25% from the lows in the summer. it could be any number of big stocks which sets the near term direction of the market. overall, it's very unlikely. the corporate sector has within its power to greatly disappoint or please the m
KCSMMHZ
Jan 28, 2013 6:00am PST
steady pace since he returned to office last month, retooling the economy, revising foreign policy and reviewing national defense. now he's taken time to pause and sum up his vision for the country. abe spoke before the diet for the first time since his liberal democratic party took power. the prime minister said the economy is his top priority. he noted deflation and the strong yen are shaking japanese people's belief that working hard will bring rewards. >> translator: i will restore a strong economy and unshakable determination. i will press ahead with my three areas of economic policy, bold monetary measures, a fiscal policy and a growth strategy that induces private investment. >> abe urged lawmakers to swiftly pass extra budget bills for the current fiscal year to pay for stimulus measures. he said his spending measures won't go on forever and that he aims to achieve healthy public finances. the prime minister then turned his attention to diplomacy and national security. he said japanese and u.s. leaders should strengthen their alliance to restore the tight bond their countries o
SFGTV2
Jan 28, 2013 6:00am PST
economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
LINKTV
Jan 28, 2013 2:00pm PST
devastate the american economy, alaskan oil seemed to promise hope for american energy independence. then along came 1979. revolutionary shock waves spread through islamic nations. iran cut off petroleum exports to the united states. america felt it was held hostage by dependence on foreign oil. as the price of a gallon of gas passed a dollar, congress debated closing off 100 million alaskan acres to mineral exploitation. the bill would double our national park system. alaska congressman don young was outraged. how selfish and ridiculous can we be when we think we can live within ourselves? we have billions of people in asia alone, south america is suffering from starvation, and we're going to set aside 175 million acres of land for a playground that has all the minerals and oil and resources-- timber and hydropower? that's asinine! other congressmen saw the issue in more personal terms. arizona congressman mo udall. the most important thing to me is that it's there. you get a real lift from getting out of the artificial world and being with nature. not only oil lay beneath the tund
CSPAN
Jan 28, 2013 12:00am EST
uncertainty and take a huge gamble with our economy. he is running scared of ukip, and he cannot deliver for britain. >> i have a polite to say to the right honorable gentleman that his whole argument about there being uncertainty is fatally undermined by the fact that he cannot answer whether he wants a referendum or not. can i give him a little bit of advice? he needs to go away, get a policy, come back and tell us what it is. in the meantime, our approach is what the british people want. it is right for business, it is right for our economy, and we will fight for it. >> and around the world, 170 million children under the age of five are stunted. that means that they are so malnourished that it has affected their physical and possibly their cognitive development. the world has enough food for everyone. as leading non-governmental organizations such as saving the children watch a major campaign, will the prime minister tell us what action the cable taking during its presidency of the g eight? >> my honorable friend is absolutely right to raise this issue, as we tear the g eight
MSNBC
Jan 28, 2013 11:00am PST
american economy and strengthen american families. third, we create an effective employment verification system that will prevent identity theft and end the future hires of unauthorized workers and lastly establish an improved process for admitting future workers to serve our workforce needs while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before trumpeting similar proposals but we believe this will be the year congress finally gets it done. the politics on this issue have been turned upside down. for the first time ever, there's more political risk in opposing immigration reform than in supporting it. we believe we have a window of opportunity to act. but we will only succeed if the effort is bipartisan. by their presence today, my republican colleagues are making a significant statement about the need to fix our broken immigration system. we democrats are equally serious. we do not want immigration as a wedge issue. much rather we want a bipartisan bill that solves the problem and becomes law. we recognize that in order to pas
CNBC
Jan 28, 2013 12:00pm EST
economy, u.s. economy. during 2012, we saw something that doesn't happen outside of recessions. we saw business spending go flat, u.s. exports go flat. sectors like technology and industrials really sensitive to exports, especially business spending. i expect business spending to accelerate through 2013 drive ing growth with business is in tact. >> david, it's josh brown. for most of 2012 and 2012, the market was characterized by this risk off-risk on regime. it didn't matter what stocks you picked, a question when you were in the market and weren't. correlation collapsed and all of a sudden there's value in picking good stocks and bad stocks. do you think that's something we will see through the course of the year and if so, what's the best way to express that as portfolio manager? >> a good question. is complacency setting in but i don't think so given the valuation and earnings. i wouldn't focus on getting tactical calls right this year. i don't think we will have a big pull back in the market. i think people should get in the market, focus on stock picking, focus on stock picki
ABC
Jan 28, 2013 6:00pm EST
collections and economy. d.c. city leaders already have a wish list of where the city should spend money, we decided to ask the people of d.c. with the money should be spent on. one woman did not hesitate to put out the trash in the streets. >> you look around and see how much needs to be done. look at the streets. the count 30 it is. >> want spending solution is improving education. just friday, a city funded university cut nearly 100 positions from its staff and faculty to actually save money. another top suggestion is refunding the money. >> that might help the economy. give the people a refund and they will spend the money. that will keep some people higher at and boost people a little bit. >> you don't have to go far to see someone in need. 15,000 people are homeless in d.c., including about 1000 families. >> there's a lot of homeless people year. >> here is the city council wish list -- topping it, homeless services welfare programs, and education for $9.5 billion. tomorrow, we should know more about the budget surplus. the city's chief financial officer will release the annual rep
CNBC
Jan 28, 2013 6:00am EST
going on into the future while we debate how to balance the budget, how to grow the economy. that's the kind of debate the country desevens. by the way, if we keep going down this path, we will have a debt crisis. it's not an if question, it's a when question. >> i remember him, alternativest young congressman from wisconsin that used to come on "squawk box." >> still fighting budget balthsds. >> if he's going to go on somewhere, at least he went on with david. congress must pass a stopgap spending bill by march 27th to keep the u.s. government running. and don't do that with your sneezes. >> what was that? i held it in. >> that's like -- >> i've been trying to hold it in because you were talking. >> no, no, it's going to come out. that's bad for you. something inside is going to pop or something. like an anneurism. it's bad to be repressed like that. let it out. >> that's his whole life. >> oh. >> let it out. >> michelle caruso ka brar ray. you're like a guest on the show, but thank you for being kind. >> it's the greatest feeling in the world. let it out. >> yeah, others have -- a
CSPAN
Jan 27, 2013 9:30pm EST
it is frustrating, so many of us thought, where the economy is right now, with what we are passing on to the next generation, we all see that. talking to one another, you just could not imagine the public would send this guy back to office. for me, that was the hardest part. how do people do that if they really were paying attention and -- to what was going on? the more i talked to people, they stuck with the current guy , it became clear that they don't really know what is going on. whether you want to call it low information voters or what have you, they are not digging in. they have not been personally affected the way they are probably about to be with obamacare and a lot of these things. it is too bad you have to get hit before you realize what is going on. i think there are 10 reasons that we lost. there are probably a lot more. we have to be very careful that we do not try to find, what is that one thing? voter turnout that didn't work. if we just had that computer system working better. maybe that would have made all the difference in ohio. maybe it was the fact that romney
CNBC
Jan 28, 2013 9:00am EST
top line growth is a reflection of perhaps a greater growth in the u.s. economy i think is still a question mark. >> down europe, up 10% china. okay. china, can be a source of top line growth. latin america could be a source of top line growth. >> and when asked about china, the words for sure, the idea that china is staging a rebound. >> and this is despite the fact that they have terrible fraud there. kind of overlooked it. when you're in that virtuous circle, it doesn't seem to matter what you say that's negative. people want to grasp the positive. it's a different kind of market from what we've had for multiple years. >> and to melissa's point about correlation, it's not that risk on, risk off, which we have dealt with for so long now. every hedge fund would come in, and say, europe's bad today, risk off. >> there are no more excuses for the fund managers who are underperforming the s&p 500. this year could be a good year, a different kind of year from the hedge funds that have done so poorly. >> they're going to have to do actual work. >> right. they will have to show performa
CBS
Jan 27, 2013 11:00pm PST
for the economy. absolutely it is good for the economy. you know, this is a relationship between mood and spending. when people feel good they tend to spend more. >> they feel good right now. >> they feel really good right now. very excited right now. >> this are are the obvious things that fly off of the shelves here in san francisco like t-shirts and anything that helps folks identify with the 49erss. an estimate that fans nationally will spend $11 billion. including 51 million cases of beer and 5 million new television sets. >> in general, san francisco should be a little more active, lively, optimistic mace. all of those things are good for consumer spending. >> reporter: then, the stuff fans to well watching the game. consuming 125 million pounds of chicken wings. what is the psychology behind that? >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is affected by this. >> reporter: and intangible pay offs like the image of america's favoritism rit city. >> certainly winning the super
CW
Jan 27, 2013 10:00pm PST
. >> it is good for the he economy. absolutely it's good for the economy. you know when there is a relationship between mood and spending when people feel good they tend to spend a little big more. >> they feel good right now. >> they feel really good right now very excited right now. >> reporter: there are the obvious things that fly off the shelves like f shirts and anything that helps folks identified with the 49ers. an estimate fans nationally will spend 11 million dollars on super bowl related purchases. including 51 million cases of beer and 5 million new television sets. >> in general san francisco should be a little big more active lively exuberant optimistic place and all those things are good for consumer spending. >> reporter: then there's the stuff fans do while watching the game. consuming one and a quarter billion chicken wings. what's the psychology behind that. >> when we are in a situation like this which is has just grinned if emotions of the entire city, really no one's left behind. everybody in some way is affected by there and everyone gets involved. >> it's pr
NBC
Jan 28, 2013 12:00am PST
hurt the economy. he's not going to allow that to happen. chris: is he in control? >> that's the big question. chris: "national journal." a lot of reporting now that what's going to happen the republicans are going to go with -- they're going to let defense cuts take effect because that means a lot of the domestic cuts take effect which is conservativism and getting their way. also possibly hurting the economy. although that's a conspiratorial notion on my part. what are the republicans going to do? big issue coming up. >> we reported this week that they're going -- the moving toward letting those across the board cuts go in and this is the best shot we have at it. budget control. it's going to become the law. march 1. so there's no debate about that. and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's le
CSPAN
Jan 28, 2013 12:00pm EST
the united states. we all know that health care is now a huge part of our economy. accounting for almost 30% of gdp. that is to point trillion dollars. -- that is two trillion dollars. i am sure the policy students play a drinking game while watching programs like this on c-span based on how many times the word "unsustainable" is repeated. those same 2011 spending figures released earlier this month revealed that for the third year in a row aggregate spending grew by just 3.9%, the smallest increment in decades. to paraphrase ross perot's running mate in a debate many years ago, "why are we here?" at least one response to that question is we do not know if the health-care cost dragon has been slain or is just hibernating. how much of the slow increase comes from the sluggish economic recovery where people without insurance postpone care over which they don't have any kind of discretion at all, and what about the chronic conditions that continued the development of more sophisticated and expensive treatments and tasks? and for the most expensive health care program there is the fac
CBS
Jan 27, 2013 6:30pm PST
the economy. absolutely it is good for the economy. you know, there is a relationship between mood and spending. when people feel good they spend a little bit more. >> they feel good right now. >> they feel really good right now. very excited right now. >> reporter: there are the obvious things that my off of the shelves here like t-shirts and anything that helps folks identify with the 49ers. an estimate that fans national he will spend $11 billion on super bowl-related punches including beer and 5 million new television set fist. >> in general, san francisco -- television sets. >> in general, san francisco is an optimistic place and it is good for consumer spending. >> reporter: then, the stuff fans do while watching the game like consuming chicken wings, 8 million pounds of chips and another 8 million pounds of avocados. >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is effected by this. and everyone gets involved. it is pretty much impossible not to. >> reporter: and there are ot
SFGTV2
Jan 28, 2013 7:00am PST
infrastructure, the economy will stop. we did a major outreach. we trained an outreach team, who went to every community meeting, to educate people on how bad the crisis was. not only did i tell people that we'd have to raise rates, i told them we'd have to tear up the city to repair this infrastructure. man: you can't simply say, "i won't use any water, it's too expensive." we have about 25% of our population that's at or below the poverty line, so you have to look at rate structures that are tiered so the people can pay their bills. franklin: we would love to have something like 75% federal money. we do get some federal aid and we are thankful, but on the other hand, we're paying for this primarily with new rates. we have increased our rates to among the highest in america. but not nearly as much as if we hadn't passed a one-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters to agree to tax themselves so that their children and their children's childre
MSNBC
Jan 28, 2013 6:00am EST
conservatism. i say it was because it was so constructive. but i'll tell what you, if the economy keeps getting better over the next three years, you've got hillary linton rclin running three years from now, we republicans have such a major headwind in our face for the next three years. it's going to be tough. >> yeah, there's no question. but there's so many variables. >> go ahead. >> no, so many variables that could happen in the next 3 1/2 years. >> yeah. ed sees you making a motion, he stops. >> i was trying to get richard haass in on this. >> she wants some more 'roids. >> andrea, i'm sorry, we cut you off. >> no, there are other points about the politics of it. joe biden is going to be at the white house, in closed meetings with the president today and has had a very high-profile role. clearly, this is the interview that he would have wanted to see. and when you talk to a lot of leading democrats who were in town this weekend, they were saying that joe biden has everything going for him except that hillary clinton is a woman and is a celebrity and has the best popularity. and she
MSNBC
Jan 28, 2013 9:00am EST
things, to vote for that economy that we've been working for, to vote for immigration reform, to vote for common sense gun reforms. you know, i think that we can affect elections but we legally can't be involved in them. >> some critics have raised red flags as the group's designation over a 501 c-4. with me is michael isikoff. the designation of a 501 c-4, what is the benefit to do that? >> this is the new route that advocacy groups use, can accept unlimited corporate donations and not disclose where they come from and use them for all sorts of political ads. now, they've followed -- the obama people have now followed the karl rove model and they're openly pitching corporate donations. the opening pitch was sponsored by a group called business forward. a lot of big companies, dow chemical, duke energy -- >> a lot of tech companies. >> comcast are part owner, nbc was part of it. they say they're going to disclose and that is a step ahead of where karl rove is but what kind of disclosure is the question. when i pressed katie hogan, the spokeswoman for the group, she said that's all bei
FOX News
Jan 28, 2013 3:00pm PST
financial industry afloat was part of rescuing the overall economy. >> the president does not believe anything we do in washington is worthwhile if it doesn't have as part of the purpose strengthening our economy. providing more security for our middle class. >> the aides said it would have been worse without the president's program including legislation aimed to prevent future bail-out of institutions deemed too big to fail. not all agree how effective it will be. >> peter moresi believes the big investment houses are thriving but the average investor is not. >> if they buy a mutual fund they have a high probability of not keeping up with the market. if they buy the s&p index which is the market, it doesn't make progress. >> the white house says it's not fault of the recovery plan. the stimulus bill contain more tax cuts and less spending than the president's advisors wanted. jay carney says the compromise was the best they could get. >> the idea that we would have somehow garnered more support in congress for something different, is a misreading of history. >> most people agree unce
CSPAN
Jan 28, 2013 7:00am EST
valid for them. because they were so-called developed economies. and so what i thought i would do here is just run through some of the lessons that we learned there that i think, unfortunately, shut up and looked at by the europeans. and they are only now starting to realize that they could have cut down the present negative situation because let's face it, europe as a whole, with a few exceptions, is in either a recession or stagnation. first, each country is unique. this is something they didn't want to see. greece adding the situation by longtime mismanagement on the fiscal side and raid the banks. in the case of ireland, it was the banks the drag the sovereign is -- sovereign as. in the case of portugal, with some portuguese in the audience here, it was basically a decade of no growth in portugal. in the case of spain, it was a bubble in real estate that was financed by mainly the savings and loan institutions, some of which have gone under, a number have gone under. and a government that basically drove up the deficit, and regional governments because regions are very importa
FOX Business
Jan 28, 2013 1:00pm EST
2009. there is definitely a lot of momentum the upside. it is a sign that the economy is improving. there is a large speculation that oil demand will improve. a lot of traders do think that we have hired to go here. the rest of the energy market, gasoline futures are spiking as there is word that one of the major east coast refineries. natural gas prices down 4% in today's trading session. guys, we are nearing $100 a barrel, as far as oil prices are concerned. melissa: sandra smith, thank you so much. lori: three-week since boeing 787 had its latest incident. investigator is shifting our focus. we have the latest details just ahead. melissa: the s&p holding their five year high. ♪ the local melissa: it is time to make money with charles payne. charles: i accidentally went to ugg store. we just dumped into the door. what? i could not believe that you know, you do not like to do things on this anecdotal thing. the last time i went to a retail store that crowded with that type of enthusiasm and electricity was back in 2002. steve madden. the place was buzzing. i cracked a few jokes.
FOX Business
Jan 27, 2013 9:00pm EST
are the things hurting our economy making it harder for hard-working taxpayers. john: to be paired up president obama's taxpayers, president obama is not the first to do this. >> if you go back to the founding fathers, if men were angels, we would need lots. about is why we have a checks and balances system of government and the president doesn't believe that that applies to him even when i go back to our first president, george washington said political parties are likely in the course of time to become potent engines in which cunning and ambitious and principled -- unprincipled men assert from themselves the reins of government for unjust dominion. do you see that in washington? >> i want to improve the quality of life of the american people. what you have now seen with that, and we have seen what the president's campaign team, they have moved back to a nonprofit and they are going to take money from unions and corporations. they will not say that they will report how much they get each of those corporations and they say that they would use it for political purposes. not to deal wit
CSPAN
Jan 27, 2013 9:00pm EST
put britain three years of uncertainty and take a huge gamble with our economy. he is running scared. is given into his party and he can't deliver for britain and. i have politely to say to the right honorable gentleman, his whole argument about there being uncertainty is undermined by the fact that he cannot answer whether he wants a referendum or not. can i give him a little bit of advice? he needs to go away, get the policy, come back and tell us what it is. meantime, our approach is what the british people want. it's right for business. it's right for our economy, and we will fight for it in the years ahead. >> mr. caplan barwell. >> mr. speaker, around the world 170 million people, children under the age of five are so malnourished it has affected the physical and possibly their cognitive development. the world has enough feared for it when. we must launch a major paint against malnutrition for children. >> my honorable friend is not so the right to raise this issue, particularly as we share the g8 this year and because some of the leading ngos like save the children have
CSPAN
Jan 28, 2013 7:00am EST
don't see china and germany and other great economies throughout the world trying to continue colonialism or imperialism or whatever you want to call it. zogby to pull back, take care of the u.s. -- we need to pull back. we are shortchanging the u.s. host: this is more from yesterday, secretary clinton giving her assessment. [video clip] >> we live in a dangerous and incredibly complicated world now with very different forces at work. state-based and non-state. technology and communication. i am older than the president. i don't want to surprise anybody by saying that. >> not by much. >> i remember some of the speeches of eisenhower as a young girl. you have got to be careful. you have to be thoughtful. you cannot rush in especially now where it's more complex than it has been in decades. so, yes, there are wicked problems like syria, absolutely. we are on the side of american values, freedom, the aspirations of all people to have a better life, to have the opportunity we are fortunate to have here. but it's not always easy proceed exactly what must be done in order to get to
FOX Business
Jan 28, 2013 3:00pm EST
washington or the economy, something scares off those equity traders when we head into august and the second half of the year we lose those games. what makes 2013 in a different in your opinion? >> sell in may and go away. we have had this bullishness that tends to have deteriorated. lester wasn't quite as bad. i think a lot of that is chance. we have the japanese tsunami earthquake that just happened in march, april, i don't think that is going to be part of a regular pattern. i think the second half of this year it's going to be better than the first half of this year. we have to absorb the payroll tax hike, there probably will be some sort of sequester that will come and slow it down the second half of this year 3% to 4% gdp growth turning into 2014. cheryl: that is very bullish indeed. another push over the last few years has been the fed and the boost we have gotten even the europeans are now on board from quantitative easing that has to end at some point. do you worry about the fed coming in and saying we are seeing a risk of inflation, we will have to start discussing a lack of intere
SFGTV2
Jan 28, 2013 2:00pm PST
with the company that put the permits together. as our economy changes we get a lot of business owners who come to us who have a new concept like a restaurant and a motorcycle club. it's actually a real case i'm working on >> we want the user to have the abilility to be able to submit these applications online where we have one place for us to reroute the information. we'd like to have the abilility to save user profiles. and just a big pie in the sky goal is to have someday where the owner could build their business and i'm like thinking about opening up 0 restaurant and maybe a motorcycle. we have to be more flexible. and this out of the box we start custom fizzing this application and we've been working very hard on doing data clean up and data testing began last week. the feedback has been positive and people have suggested a lot of good ideas. is goal is to launch the product on the week of february 4th. any questions? >> that was great. do any of the department's have any of the forms that could be filed out online >> i don't know. >> i think right now to my knowledge some
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